Banks

ADB has approved an additional $2.87 million assistance for the Port Vila Urban Development Project to further help Vanuatu achieve sustainable urban development through improved access to sanitation, drainage facilities, and roads.

Today Sberbank launched a spring campaign featuring lower consumer loan interest rates.

The volume of loans issued by Sberbank to small and medium-sized enterprises in 2016 exceeded 900 billion roubles, almost by one third more y-o-y. The indicator stood at 633 billion roubles in 2015.

ADB returned to the US dollar bond market with the pricing of a $3.75 billion 5-year global benchmark bond issue, proceeds of which will be part of ADB’s ordinary capital resources.

ADB approved an unprecedented $3.7 billion in climate finance investments in 2016, according to recently released figures — marking a 42% boost from the $2.6 billion reached in 2015.

Sberbank releases Financial Highlights for 1M 2017 (under RAS; non-consolidated). Key highlights for January, 2017: The Bank earned net profit of RUB57.9 bn; The Bank lent RUB100 bn to retail clients, which was the largest amount of loans issued in the month of January.

On January 30, 2017 AK BARS Bank held an Extraordinary General Meeting of Shareholders.

Sberbank CIB announces that Sberbank (Switzerland) AG has successfully delivered the first gold bullion consignments to Jaipur, Mumbai and New Delhi for Indian corporates who are authorised by the Indian Ministry of Commerce to import gold.

Vnesheconombank and the Government of the Republic of Hungary have agreed to settle Malev Hungarian Airlines’ bank debt. The relevant settlements have been arranged during the working visit of the Russian President Vladimir Putin to Hungary.

On 3 February 2017, the Bank of Russia Board of Directors decided to keep the key rate at 10.00% p.a.

ADB approved $2.5 billion in new private sector financing in 2016. Together with cofinancing, ADB mobilized $8.3 billion for private sector projects in the region, a 15% increase over last year and a new record for the multilateral.

Sberbank will be a partner of the Innotribe Startup Challenge for Russia.

The EIB Group provided EUR 619 million in new loans, guarantees equity in the Czech Republic in 2016, of which EUR 526 million from the EIB and EUR 93 million from its subsidiary the EIF.

Preparatory work has begun for a proposed project to improve food security in Tajikistan by boosting dairy production while making the industry more resilient to climate change.